"Since establishing its presence here in Dubai nearly 20 years ago, Danube has grown into one of the largest building materials companies in the region. By positioning its manufacturing and logistics activities at the Jebel Ali Free Zone, Danube will be able to tap the strategic location, business amenities and resources of this industrial community," said Sheikha Lubna.

The inauguration takes place at a time, when the UAE's real estate and construction sectors have begun to bounce back.

In the GCC region, $489.39 billion (Dh1.79 trillion) worth of projects are currently under construction while $81.45 billion (Dh299.1 billion) worth of projects are in the tendering phase, according to a latest report by online project tracker BNC Networks.

$125.12 billion (Dh459.58 billion) worth of projects are in design phase while $265.25 billion (Dh974.29 billion) worth of projects are in the initial planning and concept phase, the report said.